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Average Rates of Change 6. Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The following is a graph of a typical utility function UA a. Find the average rate of change of U as x changes from 0 to 1; from 1 to 2; from 2 to 3; from 3 to 4. 20아 (4, 161) 150- (3, 138) b. Why do you think the average rates of change are decreasing as x increases? (2, 109) 100 (1, 70) 3아- Number of units of product Utility (pleasure units)

Average Rates of Change 6. Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The following is a graph of a typical utility function UA a. Find the average rate of change of U as x changes from 0 to 1; from 1 to 2; from 2 to 3; from 3 to 4. 20아 (4, 161) 150- (3, 138) b. Why do you think the average rates of change are decreasing as x increases? (2, 109) 100 (1, 70) 3아- Number of units of product Utility (pleasure units)

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Average Rates of Change 6. Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The following is a graph of a typical utility function UA a. Find the average rate of change of U as x changes from 0 to 1; from 1 to 2; from 2 to 3; from 3 to 4. 200 (4, 161) 150- (3, 138) b. Why do you think the average rates of change are decreasing as x increases? (2, 109) 100- (1, 70) 50 Number of units of product Utility (pleasure units)
Transcribed Image Text:Average Rates of Change 6. Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The following is a graph of a typical utility function UA a. Find the average rate of change of U as x changes from 0 to 1; from 1 to 2; from 2 to 3; from 3 to 4. 200 (4, 161) 150- (3, 138) b. Why do you think the average rates of change are decreasing as x increases? (2, 109) 100- (1, 70) 50 Number of units of product Utility (pleasure units)
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